Business community widely hails Prime Minister for taking stakeholders into confidence in trade policy

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LAHORE : Business community unanimously hailed
Prime Minister’ initiative to seek stakeholders’ suggestion on its
broad-based consultative process to formulate Strategic Trade Policy Framework (STPF) 2018-23 for the period five years to encompass issues pertaining to supply chain development, market access initiatives, trade promotion, trade facilitation, reduction of cost doing business and facilitate business community to avoid unnecessary hurdles in importing and exporting.

Federal Commerce Minister Muhammad Pervaiz Malik conveyed the salient features of proposed the trade policy to SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik on telephone here on Wednesday.
The minister said Prime Minister Shahid Khaqan Abbasi, in principle, has directed all ministries and attached departments to seek concentrate suggestions and valuable views on formulating the Strategic Trade Policy Framework (STPF)”. He further said that the government is offering an excellent and unprecedented package of incentives to exporters to boost up exports of the country. The government is taking bold steps and a set of measures to address the issues of the exporters. “Reimbursement of tax refunds and payment of funds under PM package is top priority,” he said and
added that the commerce ministry is focused on reimbursement of tax refunds and payment of funds under PM package to boost exporter’s confidence.

He further said Ministry of Commerce will launch a campaign for the
International brand marketing of Pakistan. “Pakistan needs hand holding Institutions for Small and Medium Enterprises to help them to become Exporters”, he added.

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